Teranga Gold Corporation T.TGZ

News Out Looks Awesome!!

[newfie36]

Teranga Gold Announces Positive Pre-Feasibility Study Results for Top-Tier Sabodala-Massawa Gold Complex

JULY 26, 2020

 

Sabodala-Massawa

	Map of Sabodala-Massawa

 

• First 5-year average annual production of 384,000 ounces at all-in sustaining costs of $671/oz(1)(2)
• First 5-year average net cash flow of $215 million per year at $1,600/oz gold*
• First 5-year total net cash flow of $1.1 billion at $1,600/oz gold*
• Proven and probable reserves increase 120% to 4.8 million ounces at $1,250/oz gold
• Mining activities at Massawa now underway
• $10-million exploration and drill program is ongoing at Massawa

Company-Wide

• Proven and probable reserves increase by 70% to 6.4 million ounces of gold
• Average annual gold production expected to increase by 40% to ~500,000 ounces(3)

[Temporun]

Looking forward to hear more details on the call tomorrow am.  Glta

[newfie36]

One side concern I have is Golden Hill drill results were supposed to be released early July and to date they still have not been released!!. In the next quarter highlights there is no mention of them either. Hopefully we can get some answers tomorrow. GLTA.